Mastercard (MA) Q1 Earnings Beat on Steady Spending, '24 View Cut

Mastercard Incorporated (MA) reported strong first-quarter 2024 results on the back of resilient consumer spending and solid cross-border volumes. Despite higher-than-average inflation and a high-interest rate environment, higher card spending by U.S. consumers continues to support MA’s results. An expanding payment network and value-added services and solutions also contributed to the quarterly results.However, the upside was partly offset by an increase in operating expenses. Also, investors might worry a ...